Latest Ratios: P/E Ratio -8.7x · EV/EBITDA 16.2x · ROE 6.8%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $3.3B | $1.7B | $2.1B | $2.2B | $3.3B | $2.8B | $2.6B | $2.0B | $4.7B | $2.8B |
| Enterprise Value | $5.7B | $6.3B | $4.1B | $4.6B | $4.5B | $5.7B | $4.9B | $4.7B | $3.3B | $5.9B | $3.7B |
| P/E Ratio → | -8.66 | 37.13 | — | 56.19 | — | 16.90 | — | 11.67 | 4.68 | 45.08 | 4.35 |
| P/S Ratio | — | 0.44 | 0.16 | 0.20 | 0.21 | 0.37 | 0.40 | 0.31 | 0.25 | 0.65 | 0.48 |
| P/B Ratio | 3.25 | 3.59 | 1.06 | 1.16 | 1.21 | 1.54 | 1.40 | 1.24 | 1.29 | 4.05 | 2.24 |
| P/FCF | 26.30 | 11.10 | 12.16 | — | 10.40 | — | 47.01 | 12.52 | 8.22 | 29.21 | 44.94 |
| P/OCF | 5.24 | 6.46 | 3.73 | 4.44 | 3.35 | 21.12 | 7.31 | 4.15 | 3.52 | 8.49 | 7.26 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.85 | 0.40 | 0.43 | 0.44 | 0.64 | 0.69 | 0.54 | 0.40 | 0.82 | 0.64 |
| EV / EBITDA | 16.17 | 11.14 | 10.35 | 11.86 | 13.62 | 12.50 | 15.90 | 6.88 | 4.95 | 10.20 | 8.83 |
| EV / EBIT | 26.88 | 35.08 | 12.76 | 14.04 | 18.09 | 16.25 | 27.76 | 7.80 | 5.15 | 10.65 | 8.71 |
| EV / FCF | — | 21.31 | 29.69 | — | 21.38 | — | 81.88 | 22.20 | 13.46 | 36.64 | 60.38 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.0% | 8.0% | 8.5% | 8.5% | 7.5% | 9.4% | 8.7% | 13.1% | 14.2% | 14.7% | 14.5% |
| Operating Margin | 2.8% | 2.8% | -0.3% | -0.3% | -0.6% | 0.8% | -0.8% | 4.0% | 4.8% | 4.8% | 4.2% |
| Net Profit Margin | 1.1% | 1.1% | -0.6% | 0.4% | -2.4% | 2.2% | -0.4% | 2.6% | 5.2% | 1.5% | 11.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.8% | 6.8% | -3.3% | 2.1% | -12.2% | 9.4% | -1.5% | 12.3% | 31.6% | 9.2% | 61.7% |
| ROA | 1.1% | 1.1% | -0.7% | 0.5% | -3.2% | 2.6% | -0.4% | 3.4% | 7.4% | 2.1% | 13.9% |
| ROIC | 4.0% | 4.0% | -0.5% | -0.6% | -1.0% | 1.2% | -1.0% | 7.3% | 11.3% | 11.4% | 9.5% |
| ROCE | 4.5% | 4.5% | -0.5% | -0.6% | -1.2% | 1.3% | -1.0% | 7.2% | 9.6% | 9.1% | 7.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.82 | 3.82 | 1.84 | 1.63 | 1.51 | 1.23 | 1.32 | 1.20 | 1.16 | 1.55 | 1.34 |
| Debt / EBITDA | 6.17 | 6.17 | 7.36 | 7.74 | 8.30 | 5.81 | 8.58 | 3.75 | 2.70 | 3.11 | 3.92 |
| Net Debt / Equity | — | 3.31 | 1.53 | 1.34 | 1.28 | 1.10 | 1.04 | 0.96 | 0.83 | 1.03 | 0.77 |
| Net Debt / EBITDA | 5.34 | 5.34 | 6.11 | 6.37 | 7.00 | 5.23 | 6.77 | 3.00 | 1.93 | 2.07 | 2.26 |
| Debt / FCF | — | 10.21 | 17.53 | — | 10.99 | — | 34.87 | 9.69 | 5.24 | 7.43 | 15.44 |
| Interest Coverage | 1.00 | 1.00 | 1.99 | 2.11 | 1.93 | 2.69 | 1.28 | 4.93 | 6.61 | 5.43 | 3.81 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.17 | 1.17 | 1.45 | 1.58 | 1.54 | 1.65 | 1.69 | 1.71 | 1.66 | 1.69 | 1.82 |
| Quick Ratio | 0.86 | 0.86 | 0.84 | 0.93 | 0.90 | 0.93 | 1.10 | 1.07 | 1.07 | 1.12 | 1.31 |
| Cash Ratio | 0.14 | 0.14 | 0.19 | 0.20 | 0.17 | 0.13 | 0.30 | 0.29 | 0.30 | 0.38 | 0.59 |
| Asset Turnover | — | 0.96 | 1.37 | 1.33 | 1.36 | 1.17 | 0.96 | 1.19 | 1.38 | 1.28 | 1.20 |
| Inventory Turnover | 6.80 | 6.80 | 6.08 | 5.76 | 5.84 | 5.18 | 5.64 | 6.28 | 6.78 | 6.34 | 7.81 |
| Days Sales Outstanding | — | 60.69 | 51.68 | 57.09 | 56.64 | 62.88 | 73.55 | 55.26 | 55.72 | 59.04 | 52.06 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.8% | 1.6% | 3.5% | 2.7% | 2.7% | 1.7% | 0.5% | 2.2% | 2.9% | 0.7% | 1.3% |
| Payout Ratio | 63.5% | 63.5% | — | 152.6% | — | 29.4% | — | 25.7% | 13.6% | 31.5% | 5.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | 2.7% | — | 1.8% | — | 5.9% | — | 8.6% | 21.3% | 2.2% | 23.0% |
| FCF Yield | 3.8% | 9.0% | 8.2% | — | 9.6% | — | 2.1% | 8.0% | 12.2% | 3.4% | 2.2% |
| Buyback Yield | 24.2% | 19.7% | 0.0% | 0.0% | 1.2% | 0.7% | 0.0% | 0.9% | 1.3% | 0.0% | 2.9% |
| Total Shareholder Yield | 26.0% | 21.3% | 3.5% | 2.7% | 3.8% | 2.4% | 0.5% | 3.1% | 4.2% | 0.7% | 4.2% |
| Shares Outstanding | — | $139M | $145M | $145M | $144M | $146M | $145M | $145M | $147M | $147M | $147M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying DAN stock.
Dana Incorporated's current P/E ratio is -8.7x. The historical average is 20.4x.
Dana Incorporated's current EV/EBITDA is 16.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.1x.
Dana Incorporated's return on equity (ROE) is 6.8%. The historical average is 5.8%.
Based on historical data, Dana Incorporated is trading at a P/E of -8.7x. Compare with industry peers and growth rates for a complete picture.
Dana Incorporated's current dividend yield is 1.80% with a payout ratio of 63.5%.
Dana Incorporated has 8.0% gross margin and 2.8% operating margin.
Dana Incorporated's Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Leverage reversal and thin margins
Metrics are mathematically derived from official filings.
Trailing Earnings Inflate Multiple Versus Forward View
Based on reported figures, Dana trades at a trailing P/E of 33.59 but a forward P/E of 11.66, a gap that suggests the market is discounting depressed recent earnings rather than pricing sustained growth.
The gap between trailing and forward P/E indicates analysts expect earnings to normalize from the recent loss-affected base, which the reported net margin swings between -5.6% and 4.3% support. Against peers, the 10.04x EV/EBITDA sits above Visteon at 4.08x and BorgWarner at 5.82x but below Allison at 10.14x and Modine at 13.12x, so the multiple appears to embed some recovery without yet reflecting the quality premium of higher-margin peers. Investors should monitor whether forward earnings estimates hold, since the valuation case depends heavily on that normalization.
Thin Gross Margins Cap Earnings Power
As reported in financial statements, Dana's gross margin ranged from 5.7% to 10.4% over ten quarters, while operating margin peaked near 4.8%, leaving limited room for SG&A absorption and volume leverage.
The compression between gross and operating margin suggests operating expenses absorb most incremental gross profit, which constrains the earnings benefit from any revenue recovery. Compared with Allison Transmission's 22.2% ROIC and 20.7% net margin, Dana's returns appear structurally lower, though the comparison partly reflects differing business mix. Operating margin rather than net margin better reflects underlying earning power here, since reported net income is repeatedly distorted by non-operating charges.
Debt Burden Rising Against Shrinking Equity
Based on Dana's reported figures, debt-to-equity climbed from 0.76 to 3.82 across the window before partially recovering, while interest coverage swung widely, suggesting debt service comfort has become less predictable.
The reversal in leverage reflects both debt accumulation and equity contraction, and the 9.43x to 30.10x EV/EBITDA range in the leverage multiples underscores how sensitive ratios are to earnings volatility. Relative to peers such as Visteon at a 0.33 D/E and Allison at 1.56, Dana's balance sheet appears more stretched on a headline basis. Refinancing and covenant risk cannot be assessed from the supplied data alone and warrant further investigation of the debt maturity profile.
Current Ratio Adequate but Buffer Thin
According to recent reported figures, Dana's current ratio ranged from 1.13 to 1.57 and quick ratio from 0.78 to 1.09, a position that appears adequate in normal conditions but leaves limited cushion under stress.
A quick ratio frequently below 1.0 indicates dependence on inventory conversion to meet short-term obligations, which may become a constraint if demand softens. With total liabilities of $4.1B to $6.9B against cash of roughly $321M to $507M, the liquidity buffer appears thin relative to the obligations it must cover. Investors should monitor working capital movements closely, as the reported cash conversion cycle of roughly 56 to 73 days in the recent quarters depends heavily on supplier and customer timing.
Free Cash Flow Margin Masks Timing Effects
Based on reported figures, Dana's free cash flow margin swung from -13.8% to 6.4%, and the strongest cash quarters appear to coincide with working capital inflows rather than durable earnings, which may overstate sustainable cash generation.
The most commonly misapplied metric for a supplier like Dana is the P/FCF multiple of 9.00x, since episodic free cash flow driven by working capital release can make the stock look cheaper than sustainable cash generation supports. A normalized measure averaging free cash flow across a full cycle, adjusted for working capital movements, would give a more defensible view. Buyback outflows of $200.0M and $257.0M in reported periods also exceeded free cash flow in those quarters, which warrants further investigation of how these distributions are being funded.